Short Interest in Li Bang International Corporation Inc. (NASDAQ:LBGJ) Expands By 1,206.7%

Li Bang International Corporation Inc. (NASDAQ:LBGJ) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 903,158 shares, a growth of 1,206.7% from the July 15th total of 69,119 shares. Based on an average trading volume of 179,785,405 shares, the short-interest ratio is presently 0.0 days. Approximately 9,031.6% of the shares of the company are sold short.

Insider Activity at Li Bang International

In related news, major shareholder Financial Lp Hrt sold 5,430 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $6.00, for a total transaction of $32,580.00. Following the completion of the sale, the insider owned 743 shares in the company, valued at approximately $4,458. This represents a 87.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Li Bang International Trading Down 4.6%

Shares of Li Bang International stock traded down $0.15 on Tuesday, hitting $3.09. 167,315 shares of the company’s stock were exchanged, compared to its average volume of 1,001,027. Li Bang International has a 1 year low of $2.90 and a 1 year high of $35,400.00. The company has a 50-day simple moving average of $172.22 and a 200-day simple moving average of $3,395.61. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

Li Bang International (NASDAQ:LBGJ) last released its earnings results on Wednesday, May 13th. The company reported ($257.00) earnings per share for the quarter. The company had revenue of $3.14 million during the quarter.

Analyst Ratings Changes

A number of research firms have issued reports on LBGJ. Weiss Ratings upgraded Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Li Bang International Company Profile

Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.